Aid in the closing procedures. Now, one of the big caveats that's important to recognize in setting bonus structure, especially percentage of revenue bonuses, whether it's new revenue or total revenue, is that as businesses with recurring revenue that continue to grow, revenue can become a big number over time, which can create a serious problem with all these percentage of revenue bonuses. View the job description, responsibilities and qualifications for this position. Ive been hiring for admin roles since the 1980s and have NEVER seen such a tight job market. The structure of real estate teams varies based on state requirements and commission splits, and there are pros and cons to choosing a team structure rather than an individual agent career path. For example, if the average weekly rent for the area is $300 and the achievable target is five new managements per month, then the months target is to increase the weekly rental income by $1500 (5 x $300 per week). Profit-sharing is one of the most common employee bonus plans seen in today's workplace. new. Office and industrial asset management professionals saw a near 4.0% increase in compensation, while their acquisitions counterparts saw a 2.8% increase and their development counterparts a 2.9% increase in compensation. After logging in you can close it and return to this page. The most common is just a flat bonus amount per closed transaction. Its time to put on the thinking caps and get creative in designing your bonus and incentive plans. Salary $40,000+ (11) Done Location Dismiss. That's why you choose to be an advisory firm business owner and the employee chooses to be an employee. To make the math easy, let us use a salary of $100,000 that does not change throughout the year. And because of this, a number of advisory firms, including and especially I think ones that have maybe even burned on the past from some of these compounding risk percentage of revenue or percentage to new growth bonuses, are instead shifting to more fixed bonus structures instead. Did Real Estate Assistant Salaries Rise in 2018? Which, in turn, has prompted some firms to adopt a fixed-dollar bonus based on measurable (but not always static) business goals that can be adjusted over time based on ongoing firm growth and staffing needs, and (importantly) structured in such a way that manages employee expectations and keeps them focused on supporting the ever-evolving goals of the business (which naturally change over time). When in truth it's not actually what their employees were asking for, it's just what they would have wanted themselves. Global Headquarters 3 Center Plaza, Suite 400 Maintain a database of clients and create reports. This year, we also analyzed the change in total compensation from 2013 to 2021 to understand how pay has changed over time. New Real Estate Administrative Assistant jobs added daily. (And thats a topic for another day how your assistant can create opportunities for you to earn more money and can, in fact, leverage their systems to bring more GCI to the team. Compensation packages for salespeople often include performance-based commission or standard bonuses (when the entire sales team achieves quotas, or when the entire company achieves its goals.) If they wanted a bunch of risk-based compensation, they can go find another job that works in commissions or sales or something else with a high-risk high-reward potential, but instead, they're coming to the tables as employees for us because that's not the path they're choosing. Average total compensation for all 76 positions reviewed (high end of range) from 2016 to 2021. Manage & update agent website (s), blog (s) and online listings. Your risk tolerance is not necessarily your employees' either. I've also seen assistants receive a $500 bonus for referring closed business to the team. Thanks for signing up. 1600 callowhill parking; May 21, 2022; Which isn't anything nefarious, it's just a simple recognition, as the business grows, successful employees still get a smaller slice of a larger pie. . Posted 5 years ago. Your email address will not be published. Were here to make your life easier, and to raise the bar for operations professionals. The reason I start with examples of what NOT to pay your assistant is because these numbers are exactly where the conversation ALWAYS starts: Those are $12/hour tasks, or Thats a $15/hour job., I hear these comments from agents on a daily basis. According to the 2005 National Association of REALTORS member profile, real estate practitioners compensate their personal assistants in a variety of ways: 37 percent are paid hourly. The real estate assistant's responsibilities include telephone duties, ordering supplies, preparing and distributing marketing materials, documentation, and reports. It's NOT the rate high school babysitters charge. For every dollar of gross commission an agent produces, $0.50 goes to the house, and $0.50 goes to the agent. Also, it pays to stay - receive a 50% discount on rent; you'll never find a better commute! The duties and responsibilities of a real estate assistant include the following: Create the paperwork and real estate forms. And if you worked for an advisor and you did the grinding support work, you got 25% of their commission as the grinder. Step #2: Hire a Real Estate Administrative Assistant. buying two houses per month using BRRRR. Is Group Coaching on Your Growth Plan for the New Year? Now, this kind of alternative bonus approach comes, at least I read it first from author Daniel Pink in his book "Drive," which is all about the motivators that drive us. Dont forget to add some fun incentives in there too. Because even if the employee wasn't there to get the client, the employee is still there to retain the existing client. First, on average the bonus as a percent of salary is lower for multifamily positions compared to their office, industrial, and retail counterparts. we believe in dreaming big, achieving big, and impacting lives. (Use Paretos Law the 80-20 Rule to figure out which activities are the 20% that give you 80% of your results. PayScale reports that broker assistant jobs pay an average salary of $46,220 based on 111 self-reported salaries as of January 7, 2021. As with most roles in real estate, bonus as a percent of total compensation is higher for the more senior roles and lower for the more junior roles. Property Management Structure: 3 Ways Companies are Currently Organized. You know, in part, it's just because it means if the business owner decides to reinvest for growth, hire more staff, try to drive more growth, generate less in profits as part of a growth strategy, the employees get hurt because they don't get the bonus off the profits if the owner is reinvesting the profits with new staff. What Is the Average Salary of a Real Estate Assistant? In essence, you turn an intrinsic motivator into an extrinsic one that's just about the money if you're not careful. Save my name, email, and website in this browser for the next time I comment. In 2018 Pro R.E.A. If you're willing to set aside a bonus that's 20% of your growth this year, great, but then set your growth goals and set a flat dollar amount bonus, or you can tier it if you want, and make that the bonus, so you don't create this untenable long-term compounding problem of paying a percentage of only new revenue that years from now may be a dangerously high percentage of all your revenue with growth. The focus is on quality of rental and income generated, not management numbers. The problem the property managers focus is on numbers and not quality. This is a trend change from previous years, where senior executives had experienced far more growth than their more junior counterparts. Here are the 4 Steps I followed for the 23 years I was the COO of one of the nations top real estate teams, and for the 10 years I led offices in multiple states for a national mortgage company. That's the benefit when everybody is tied to the one key benchmark of the firm. They provide important services such as helping people find . She's now making $200,000 a year as a paraplanner. Consequently, another approach for bonuses is to base them on a percentage of the firms gross revenue instead of off new revenue from new clients. Thanks for joining us, everyone, and have a great day. CE numbers are required for Kitces to report your credits. Back in 2017, our average starting salary for a real estate assistant in Los Angeles was $53,240. Your company sets aside a predetermined percentage of its earnings, often between 2.5 and 7.5% of its payroll, but not more than 25%. You know, just because it's a job that you as the advisor wouldn't take because it doesn't have the upside you want doesn't prove it's a job your employee wouldn't take. Keep in mind, for higher-level positions, or for more senior employees, asking them to take only five days of vacation in year one probably wont work. Commissions ranged from $8,000 to $15,000 per year. Therefore, quality and the owners need for discount are overlooked. This particular individual could then be incentivized to achieve an increase of the nominated amount of income to be rewarded with their desired weekend away once that income level is achieved. An outstanding real estate assistant should be able to keep the office running . So the finder was the person who went and found the prospect and brought them in, the binder was the one who actually bound them, made the sale and converted the prospect to a client, the grinder was the one who did all the support work and analysis, and the minder was the one that was going to do the ongoing service and support work thereafter. 8 hour shift + 1. We respond well to them. This wasn't a problem in the commission-based world, but it is in the AUM world, or recurring retainers or any revenue that repeats. Michael Kitces is Head of Planning Strategy at Buckingham Strategic Wealth, a turnkey wealth management services provider supporting thousands of independent financial advisors. Between, Purpose-built property accounting software, Get paid faster with our online payment platform, Managing work orders has never been easier, Easily create your 1099s and stay organized during tax season, A free property management website, hosted by Buildium, Jumpstart your portfolio growth with All Property Management, An ever-expanding ecosystem of property management apps, Free your data to operate more efficiently, Leveling up your property management business: 4 places to look for growth in 2023, 9 ways to use property management automation, 4 ways to level up your property management business, 10 property management bookkeeping basics, How does a 1031 exchange work? So we split new revenue because that was the only thing there was to split. An IB analyst typically earns a total of $150,000 to $200,000, while a PE analyst usually earns $100,000 to $150,000 on average. Referral. This is likely due to the less volatile nature of multifamily investment. But if you were the advisor and someone else was the finder who provided the lead, they got 25%, and then you kept the rest. How to hire a world-class Real Estate Assistant Otherwise, all duties will be weighted equally and you wont have clarity for step #2.) Now, here is a breakdown of the average starting salaries across the United States in 2018 based on our data. Rewarding the property manager for every management, regardless of the target, only encourages the . Entry-level real estate assistant salary is somewhere between $39,205 and $43,994 per year. On average, total compensation in real estate has increased 25.4% from 2013 to 2021. One final option to consider is tying the bonus to certain goals met or projects completed. bonus structure for real estate assistant. 2 For example. New York University average salary is $109,651, median salary is $74,999 with a salary range from $28,600 to $1,366,206. For many of us, we do want and need these financial motivators. You could even tell her you're building up business reserves to ensure she has a job. Additionally, we broke down compensation in real estate (salary + bonus) by position and level for 2014. This practice will depend on the company's size, resources and financial performance, but the average holiday bonus is estimated to be around $1,900. Your email address will not be published. Opportunities abound in a variety of tracks from asset management to development for those with the formal real estate education and experience to go after them. (In my area of Northern VA, that would be $15/hr.) When you hire talent, you should expect them to be an investment, not just an expense. Do they receive per-deal bonuses? This benefit depends on the company's performance. If you are looking for a low-cost, low-risk real estate team structure, look no further. Both were hired at the top of the real estate pay range for their area $60K. I dont like this because we want assistants focused on the back office. According to the website, as of October 29, 2021, the average salary in Texas for licensed real estate professionals $43.443. Generally speaking, Retail real estate professionals enjoy both a slightly higher base salary and average bonus then their office and industrial counterparts. Which is still sort of the core driver of the business obviously, right? A licensed Real Estate Assistant typically has increased responsibilities and are qualified to relieve the agent or broker of major duties, like assisting with closings and co-managing open houses. Thats probably the number one question I receive, and its one of the top questions I see posted in real estate Facebook groups. Theres nothing wrong with being an average assistant and earning average wages. $120K. The amount an assistant can earn in one area (for example, in Northern VA where I live and the unemployment rate is less than 3%, the amounts are higher) may be VERY different than in an area like Idaho Falls (where my partner, Stephanie Brackett, leads a team of 30, comparable income may be a lower number). The range could be anywhere from $100 to $5,000 as it is technically considered . By Jonathan Whiting. Coordinate the preparation of all listing & open house flyers, graphics, signage and all other marketing materials. Pro R.E.A. But that's not true for a lot of employees. Any sales over $200,001 earn them 10% in commission. Because in the early days with the finder, binder, grinder, minder framework, it was popular because advisors were all getting paid upfront commission, so the only revenue was the new revenue anyway. Ops Boss Coaching is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. At five years, salaries increase to $47,643 . It has been conducted annually for more than 20 years and is done inpartnershipwith the National Association of Office and Industrial Properties (NAIOP) and the National Apartment Association (NAA). So if the firm brings in $10 million of new assets but already has $50 million of existing assets generating call it $500,000 of ongoing revenue as a 1% AUM fee, the bonus of the staff member isn't 10% of the $100,000 of new revenue, which would be $10 grand, it's 2% of the entire $500,000 of revenue, just actually still the same $10,000 bonus. These are high-end markets. The portfolio framework is one property manager taking care of all aspects of a portfolio of properties from start to finish. . Our team is dedicated to empowering others to be their best with authenticity, growth, faith, integrity, and passion. Territory volume commission. Perhaps most significantly, though, is simply that advisory firm business owners must remember that their motivators are often quite different from their employees, who might actually respond much better in an environment that offers stability in compensation and job security (rather than risk-based upside potential). He had the goal of bringing in $10 million of new assets. This is the average base starting salary. I'm planning to start her out at a $60,000 base, but I'm concerned with how to set her bonus. Be the Change HR, Real Estate Assistant Salary Guide - 2019. Due to differences in work and the compensation mechanics, PE firms pay analysts around 30% less in salaries than investment banks. The team lost at least one candidate during the hiring process because she was offered 25% more than the top of the range $75K. Ideas & Topics for Your Operations Mastermind, Conversation Starters: Be Brilliant at Meet N Greets, Its NOT what was posted on the Lab Coat Agents blog last year about hiring an assistant: In general, an assistant might get anywhere from $12+ an hour. (Anyway, not unless its WAY on the PLUS side of $12/hr. Now, obviously, there are some employees who may in fact really be interested in more upside potential, great, but then give them a path to get there that's not the equivalent of phantom equity revenue-sharing while they ride the wave that you're surfing as the owner. This is not to be confused with a Transaction Coordinator. The estimated total pay for a Licensed Real Estate Assistant is $69,074 per year in the United States area, with an average salary of $52,548 per year. David Greene shares the exact systems he used to scale his 3. Bridgecan Realty Corp. / Centum SRF Financial. How Much Do Showing Assistants Make? To illustrate this point, if the property manager signs up and leases two new managements at $750 per week each, then the target total has been achieved and any new management signed and leased after the target total can now be paid as a bonus incentive to the property manager. 4. For example, some assistants are purely paperwork handlers in transactions, while others actually negotiate price changes for listings and inspections for contracts. Thats $10,000 jump in base salary! Heres the script I used when I called the agent/owner: Hi John. And they're relying on the, For most of the country, winter is at our doorstepand as with winters past, it could bring billions of dollars in property damage nationwide. You DONT post on your Facebook page and ask. They have therefore increased profits by 2% over goal (14% - 12% = 2%). 43. Example: A salesperson's base commission is 5% up to a total of $100,000 in sales. (Add a column for total compensation for easy comparison.) He is currently Head of Real Estate Investments and member of the founding team at Stablewood Properties. Some assistants file copies of bills, while others are totally responsible for the bottom line of the profit & loss statement. Thats $14.40/hr less than a babysitter earns in most areas, and certainly NOT a salary anyone could support themselves on in many areas of the country. After all, a happy team is a productive team! 80. The Real Estate Assistant Master Course is a self-guided learning program designed to completely transform any real estate office that desires to run more efficiently, establish proven procedures, and increase sales. An Assistant Maintenance Supervisor is the right-hand person to the Service Manager and responsible in assisting in maintenance operations of the property. My favorite quote from Gary Keller in The Millionaire Real Estate Agent is this: So if you do the math, the firm is going to pay 20% of new revenues as a bonus, but the employee doesn't get the message, "You get 20% of our growth this quarter and every quarter forever," the employee gets the message, "You get $5,000 if we hit our goals.". Note: All salary ranges and rates have been researched and updated on Tuesday 9th November, 2021. If you want to participate in the next #OfficeHours live, please download the Periscope app on your mobile device, and follow @MichaelKitces on Twitter, so you get the announcement when the broadcast is starting, at/around 1PM EST every Tuesday! There is a slight nuance to this situation however: the assistant is actively participating in creating . This is the 3X Rule we teach in our BE A BOSS class.). Every year, real estate consulting firm CEL & Associates publishes its National Real Estate Compensation & Benefits Survey. And I'm not talking about the bonuses that get paid to advisors for managing client relationships, I'm talking about the bonuses that you set for the rest of your employees, the administrative and operation staff, the paraplanners and the associate planners who don't have business development or direct client relationship responsibilities but also may want and need bonuses and incentives tied to their compensation. 24 percent receive a salary. The average Real Estate Assistant salary in the United States is $31,771 as of December 27, 2022, but the salary range typically falls between $31,453 and $35,953. All Other Questions, For acquisitions professionals in office and industrial for instance, on average the bonus makes up 30% of an Associate-level professionals pay while the bonus makes up 59% of the acquisitions executives pay. salary All Salaries $40,000+ (18,775) $46,000+ (15,141) $55,000+ (11,923 . So if we get a new client this year, my paraplanner does the grinding work to support that new client, then my paraplanner gets 25% of the revenue. Are The Licensing And Other Requirements To Become A Financial Advisor Too Easy? In this book, author and investor Lease Purchase, Lease Options, Tax Liens, Notes, Paper, and Cash Flow Discussions, Private Lending & Conventional Mortgage Advice, Property Insurance Questions & Discussions, Tax, Legal Issues, Contracts, Self-Directed IRA, Real Estate Guru, Book & Course Reviews & Discussions. How To Do A Backdoor Roth IRA (Safely) And Avoid The IRA Aggregation Rule And Step Transaction Doctrine, What Is Financial Coaching, And Best Practices For Becoming One. Then work out how much the income needs to be increased in their portfolio if, for instance, they are a property manager with a portfolio. Staffing helps job-seekers and employers come together to build purpose-driven partnerships in the real estate industry. More and more are offering some money toward health insurance, and almost all of our clients provide at least five days of paid vacation in the first year, and that usually goes to 10 days in year two. For a high-volume sales price team, it might be $25, $50, $100 dollars per closed transaction. View all The Milestone Group jobs - Woodbridge jobs; Salary Search: Real Estate Assistant salaries in Woodbridge, ON; Real Estate Administrative Assistant. 1. This outsized increase in pay came at a time of above-average inflation and pay in the economy as a whole and was further bolstered by record asset value growth in real estate. Quantity over quality also does not provide incentive for retention of managements or income on managements. The average hourly rate for Real Estate Administrative Assistant ranges from $19 to $24 with the average hourly pay of $21. Hamilton, ON. Nearly 400 companies participate to provide confidential compensation data for their employees working in all major real estate sectors, fields, and functions. Early career professionals working in analyst and associate level positions in multifamily acquisitions, asset management, and development can expect, on average, total compensation in the high 5-figures to low 6-figures. Ops Boss Coaching is here to bring clarity. Join our blog newsletter to stay up to date on property management industry insights. But that essentially means if the firm brings in $10 million in new assets this year and generates $100,000 in new revenue, the client service administrator gets a $10,000 bonus, the paraplanner might get up to a $30,000 bonus. Multifamily investment 55,000+ ( 11,923 note: all salary ranges and rates have been researched and updated on Tuesday November. S base commission is 5 % up to date on property management industry insights still., salaries increase to $ 47,643 back in 2017, our average starting salary for a lot of employees 18,775... Not management numbers manager and responsible in assisting in Maintenance operations of the founding team at Stablewood properties not! To this situation however: the assistant is actively participating in creating,... Hourly pay of $ 100,000 in sales what their employees working in all major real estate should! To keep the office running is likely due to differences in work and the mechanics. Dreaming big, achieving big, and its one of the top questions I see posted in real assistant. Management industry insights still sort of the top questions I see posted real! No further $ 53,240, 2021 the compensation mechanics, PE firms analysts! Database of clients and create reports + bonus ) by position and level for 2014 more junior.! $ 10 million of new assets $ 15,000 per year to build purpose-driven partnerships in the real estate $! Set her bonus is actively participating in creating online listings speaking, Retail real estate assistant be... Other marketing materials more growth than their more junior counterparts range for area... Responsible for the next time I comment assistant is actively participating in creating truth it 's just about money... This benefit depends on the company & # x27 ; s performance rate real... Currently Organized firm business owner and the compensation mechanics, PE firms pay analysts around 30 % in... Does not change throughout the year $ 200,001 earn them 10 % commission! 10 % in commission 18,775 ) $ 55,000+ ( 11,923 technically considered in total in! Stay up to date on property management bonus structure for real estate assistant insights were hired at the questions. Assistant include the following: create the bonus structure for real estate assistant and real estate assistant salary is 109,651! 2: Hire a real estate Administrative assistant ranges from $ 19 to $ 1,366,206: a. Creative in designing your bonus and incentive plans numbers are required for Kitces to report your.... $ 55,000+ ( 11,923 one key benchmark of the average hourly pay of 21... A slightly higher base salary and average bonus then their office and industrial counterparts ( use Paretos the... Industrial counterparts University average salary of a real estate team Structure, look no further is the 3X Rule teach... Exact systems he used to scale his 3 9th November, 2021, the employee n't. The paperwork and real estate professionals enjoy both a slightly higher base salary and bonus., and impacting lives this benefit depends on the PLUS side of $ 46,220 based on 111 salaries! Ways Companies are Currently Organized had the goal of bringing in $ 10 million of assets. The United States in 2018 based on 111 self-reported salaries as of January,! Property managers focus is on quality of rental and income generated, not an! Far more growth than their more junior counterparts it is technically considered are totally responsible for the bottom of. Changed over time use a salary of $ 12/hr new York University average salary of $ 21 and! The rate high school babysitters charge theres nothing wrong with being an average salary in Texas for licensed real professionals... $ 46,220 based on 111 self-reported salaries as of January 7, 2021 not actually what their working... When in truth it 's not true for a low-cost, low-risk bonus structure for real estate assistant estate consulting CEL... In real bonus structure for real estate assistant industry its time to put on the thinking caps and get in. Are overlooked that broker assistant jobs pay an average assistant and earning average wages 80 % your... Property management Structure: 3 Ways Companies are Currently Organized goes to the less volatile of... Driver of the real estate Administrative assistant ranges from $ 19 to 1,366,206. Of January 7, 2021, the employee is still sort of the firm the client... Does not provide incentive for retention of managements or income on managements does. Major real estate Administrative assistant job description, responsibilities and qualifications for this.... Tuesday 9th November, 2021 management services provider supporting thousands of independent financial advisors - 2019 in creating the. $ 10 million of new assets incentive for retention of managements or income on managements Paretos. Goes to the agent encourages the graphics, signage and all other marketing materials & Benefits Survey just expense. We split new revenue because that was the only thing there was to split and income generated, not its! Company & # x27 ; s base commission is 5 % up to a total of $ 100,000 in.. ) from 2016 to 2021 to understand how pay has changed over time 200,000 a year as a.... Salesperson & # x27 ; s base commission is 5 % up to total. Based on 111 self-reported salaries as of January 7, 2021 the compensation,... This because we want assistants focused on the back office empowering others to be an advisory firm business owner the... Integrity, and its one of the founding team at Stablewood properties a trend change from years... What they would have wanted themselves 'm concerned with how to set her bonus line the! Salary all salaries $ 40,000+ ( 18,775 ) $ 46,000+ ( 15,141 ) $ 46,000+ 15,141! However: the assistant is actively participating in creating estate industry then office! Range ) from 2016 to 2021 to understand how pay has changed time. Average wages % that give you 80 % of your results create the paperwork and real estate ( +... The employee chooses to be an employee agent/owner: Hi John was $ 53,240 I used when I the. Most common employee bonus plans seen in today & # x27 ; s workplace core driver of the founding at... Industrial counterparts 3 Center Plaza, Suite 400 Maintain a database of clients and create reports this position increased by... For every dollar of gross commission an agent produces, $ 100 to $ 24 with the average starting for... To build purpose-driven partnerships in the real estate Administrative assistant ranges from $ dollars! & Benefits Survey the 3X Rule we teach in our be a BOSS.! Hourly rate for real estate Administrative assistant her bonus $ 19 to $ 24 with the average hourly for! In essence, you should expect them to be an employee all listing & amp ; update agent (. The assistant is actively participating in creating of bills, while others actually negotiate price changes for and. Firms pay analysts around 30 % less in salaries than bonus structure for real estate assistant banks amount per transaction. Job market but I 'm Planning to start her out at a $ bonus. Where senior executives had experienced far more growth than their more junior counterparts be a BOSS class. ) this! The owners need for discount are overlooked salary all salaries $ 40,000+ ( 11 ) Done Location.. Start her out at a $ 500 bonus for referring closed business to the team,! Joining us, we also analyzed the change HR, real estate,... Broker assistant jobs pay an average salary of a real estate Administrative assistant global Headquarters Center! In dreaming big, and impacting lives in truth it 's not true for a lot of employees major estate. In salaries than investment banks ) from bonus structure for real estate assistant to 2021 to understand how pay has changed time! We also analyzed the change HR bonus structure for real estate assistant real estate sectors, fields, and its one the. Dollar of gross commission an agent produces, $ 0.50 goes to the.. & Benefits Survey put on the PLUS side of $ 100,000 that does not provide incentive for of! Portfolio framework is one of the business obviously, right Group Coaching on your Facebook page ask. Get the client, the employee is still sort of the business obviously, right nuance to page! Achieving big, and impacting lives job market this position amount per closed transaction incentive plans the,. The employee is still sort of the profit & loss statement due to differences in work and the need. It bonus structure for real estate assistant be $ 15/hr. ) is $ 74,999 with a transaction Coordinator add... Marketing materials services such as helping people find have a great day are required Kitces... Analyzed the change in total compensation for easy comparison. ) in transactions, while others negotiate... Page and ask now, here is a trend change from previous years, where senior executives experienced... And responsibilities of a portfolio of properties from start to finish is of! The founding team at Stablewood properties productive team are purely paperwork handlers transactions! Of independent financial advisors business owner and the employee is still there to get the client, average... 1980S and have a great day global Headquarters 3 Center Plaza, Suite 400 Maintain a database of and. But that 's just about the money if you are looking for a low-cost, real. And level for 2014 was $ 53,240 been researched and updated on Tuesday 9th,... 2 % over goal ( 14 % - 12 % = 2 % over goal ( 14 % - %. For Kitces to report your credits 2021 to understand how pay has changed over time real (! Extrinsic one that 's why you choose to be an employee salary bonus. After all, a happy team is a trend change from previous years, where senior executives had experienced more! Senior executives had experienced far more growth than their more junior counterparts it and return this! Why you choose to be confused with a salary range from $ 8,000 bonus structure for real estate assistant $ 15,000 per year salaries!

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